Wed Nov 20 22:37:00 UTC 2024: ## Billionaire Gautam Adani Indicted in US on $250 Million Bribery Scheme
**New York, NY –** Gautam Adani, one of the world’s wealthiest individuals, has been indicted by US prosecutors on charges of participating in a massive bribery scheme. The indictment, unsealed Wednesday in Brooklyn, alleges Adani and others conspired to pay over $250 million in bribes to Indian government officials to secure lucrative solar energy contracts.
The five-count indictment accuses Adani and two executives from an unnamed Indian renewable-energy company, Sagar R. Adani and Vneet S. Jaain, of violating US federal laws. Prosecutors claim the defendants lied about the bribery scheme while seeking funding from US investors. The alleged fraud involved securing millions of dollars from American investors under false pretenses.
The indictment marks a significant development in the ongoing scrutiny of Adani’s business dealings. The case is currently being pursued by US prosecutors and further details are expected to emerge as the legal proceedings unfold. The charges carry significant penalties if Adani and his co-defendants are found guilty. Bloomberg News provided initial reporting on the indictment.
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